Missouri House backs new tax incentives for high-tech businesses

The Missouri House on Wednesday gave initial approval to bills that would create new tax breaks to attract foreign trade and high-tech businesses to the state.

One bill authorizes $60 million of tax credits for international exporters over the next eight years, KTTS reports.

The House also gave initial approval to bills that would create tax credits for investors in high-tech startup businesses and would authorize state and local sales tax breaks for computer data centers.

Last week, the Senate passed a broader overhaul of tax credits in Missouri.